If the present value of $1,000 to be paid in five years is $985, then, using the same rate of discount, you may conclude that the present value of $985 in five years is:
a) less than $985
b) more than $985
c) $1,000
d) $985
e) More information is required
Ans: a) less than $985
Business
You might also like to view...
Every consumer must pass through all five stages of the buying process when in a buying situation
Indicate whether the statement is true or false
Business
What should immediately follow the reasons for the decision when writing a bad news message using the indirect format?
A) A neutral buffer B) The bad news C) Contact information in the event the reader wants more information D) Information on what the reader can do to avoid similar bad news in the future E) An alternative to the bad news
Business